PriceSmart had its Relative Strength (RS) Rating upgraded from 70 to 75 Tuesday — a welcome improvement, but still short of the 80 or better score you prefer to see.
This proprietary rating measures market leadership by showing how a stock's price action over the last 52 weeks compares to that of the other stocks in our database.
History shows that the market's biggest winners tend to have an 80 or higher RS Rating as they launch their largest price moves. See if PriceSmart can continue to show renewed price strength and hit that benchmark.
When To Sell Stocks To Lock In Profits And Minimize Losses
PriceSmart is trying to complete a consolidation with a 99.23 entry. See if the stock can clear the breakout price in volume at least 40% above average.
PriceSmart showed -2% earnings growth last quarter, while sales growth came in at 8%.
PriceSmart holds the No. 3 rank among its peers in the Retail-Major Discount Chains industry group. Costco Wholesale is the top-ranked stock within the group.
RELATED:
Retail Industry News And Stocks To Watch
Which Stocks Are Showing Rising Relative Strength?
Why Should You Use IBD's Relative Strength Rating?
Ready To Grow Your Investing Skills? Join An IBD Meetup Group!
